Giridhar,
"Test resources" only tests if the PCI-7344 is installed correctly in the PC by checking the communication resources that are assigned to the board. This is not a functional test of the board.
The problem that you see could be caused by a defective UMI-7774, PCI-7344 or the motion cable. If possible please exchange these components one by one with other components that you know that are working properly. I think the most probable reason for this behavior would be a defective UMI-7774 but there is also a small chance that one of the other components is broken.
Best regards,
Jochen Klier
National Instruments Germany